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Australia's Jupiters in Merger Discussions

16 December 2002

PERTH, Australia – As reported by the Dow Jones: "Australian casino operator Jupiters Ltd. said Monday it has agreed to enter merger talks with UNiTAB Ltd.

"…The principal activity of UNiTAB, which was formerly know as TAB Queensland Ltd., is horse betting in Queensland.

"…Jupiters said it made the announcement to meet its obligations in respect to its offer for Breakwater Island Trust.

"In a separate statement, Jupiters said it will extend the deadline in which it will pay broker handling fees in connection with its takeover of units in Breakwater that it doesn't already own…"

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